1-1-1 Higashisakura, Higashi-ku, Nagoya, Aichi, 461-0005, Japan
Representative
Takeshi Kawai, President and COO
Notice regarding revised financial forecast
We, as Niterra Co., Ltd., notify the following revision of our financial forecast for the fiscal year ending March 31, 2024. It is revised from the previous forecast announced on April 28, 2023.
Consolidated forecast (From April 1, 2023 to March 31, 2024):
(Millions of yen)
Operating
Profit before
Profit attributable
Revenue
profit
income taxes to owners of
the parent
Previous forecast (A)
600,000
96,500
97,000
67,500
Revised forecast
(B)
607,000
110,000
116,000
81,000
(B)-(A)
(C)
7,000
13,500
19,000
13,500
(C)/(A)
1.2%
14.0%
19.6%
20.0%
(Reference)
Fiscal year ended
March 31, 2023
562,559
89,219
93,384
66,293
Note: Assumed exchange rates in the latter half of the fiscal year are; 1 U.S. dollar = 140 Yen 1 Euro = 150 Yen
(Yen)
Earnings per share (Basic)
332.04
400.65
-
-
326.09
Reason for the revision:
We revised our consolidated financial forecast of revenue for the fiscal year ending March 31, 2024 upward from the previous forecast announced on April 28, 2023. This is because, the OEM sales are expected to decrease in some areas. However, for the full year bases, the OEM sales amount are expected to remain resilient. Furthermore, exchange rates shifted to weak yen more than our expectation.
With regards to the operating profit, it will increase compare to the previous forecast according to the following reasons: execution of rising the unit price due to the inflation of labor costs and material costs, and exchange rates shifted to weak yen more than our expectation.
Disclaimer statements:
The above forecast is based on information available at the time of this announcement. Therefore, we cannot guarantee accuracy and completeness of the forecast due to various factors.
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NGK Spark Plug Co. Ltd. published this content on 30 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2023 07:46:41 UTC.
Niterra Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive products, ceramic products, and products related to new businesses. The Company has three business segments. The Automobile-related segment is engaged in the manufacture and sale of parts that are mainly assembled into automobiles, such as spark plugs and exhaust gas sensors. The Ceramics segment manufactures and sells cutting tools, industrial equipment components, semiconductor manufacturing equipment components, semiconductor packages, and oxygen concentrators for medical use. The New Business segment is engaged in the manufacture and sale of products related to new businesses such as the environmental energy field. It also sells materials and provides welfare services.
NITERRA CO., LTD. 
